Can Stocks Stay Strong?

The average value/price reading for all stocks in Icon Advisers' database is 1.14, meaning that stocks, on average, are about 14% below estimated fair value. Icon expects that the current stock market rally will continue in the first quarter.

JANUARY 5 -- To us, the sharp advance in the market has had many signs of a classic stock market rally. Besides the impressive gain, the advance emerged out of a setting of uncertainty regarding war. It began suddenly without a precipitating event. Like the old saying that "Wall Street climbs a wall of worry," there was...